A real estate agent, real estate broker or real estate intermediary is a qualified individual who represents buyers or sellers of real estate property. An agent can work by himself but typically works under a registered agent to represent multiple clients. These brokers are responsible for meeting with prospective buyers and sellers to discuss a real estate deal, negotiate the contract and close the transaction. The agents act on behalf of their clients and negotiate the purchase price based on the client’s best offers. The primary duty of the agents is to conduct business with the clients in a professional and timely manner.
For most residential or commercial real estate transactions, a real estate broker or agent works with two or more other cooperating parties. For example, if the seller desires to list his property with a real estate agency, the agent will consult with a buyer agent. In some instances, a buyer agent may also work as a seller’s agent and help to close the real estate transaction. The roles of the seller and buyer agents often differ and vary according to the type of property being sold and the needs of each party. When one party is not represented, the real estate transaction will fail to close and the agent cannot represent both buyer and seller.
If you need assistance regarding a real estate transaction, it is possible to get help from an estate agent. Real estate agents can be very helpful when it comes to putting together a purchase agreement, preparation of financing and closing negotiations. A real estate agent can also make sure that the property being sold meets all local and state laws. In order to obtain real estate services in your area, contact a local real estate agency today.